What your bailout buys you: “Merchantable Timber Contracting Program”
October 1st, 2008
“The Secretary concerned shall establish a pilot program to implement a certain percentage of approved projects involving the sale of merchantable timber using separate contracts for-
‘‘(i) the harvesting or collection of merchantable timber; and
‘(ii) the sale of the timber.”
MAXIMUM AMOUNT OF ASSISTANCE.—
The total amount obligated under this subparagraph may not exceed $1,000,000 for any fiscal year during which the pilot program is in effect.
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